Spend as much as you can, IMF head urges governments worldwide

Friday 1442/6/2 - 2021/01/15
  • Share on Google+

MOSCOW, Jan 15, 2021, SPA -- Policymakers worldwide should embrace more spending to help revive their stuttering economies, Reuters quoted the head of the International Monetary Fund as saying on Friday, at Russia's annual Gaidar economic forum.
Managing Director Kristalina Georgieva did not give any specific economic forecasts, but made clear her desire for governments to up their spending and that a synchronized approach internationally was best for growth.
In 2020, the IMF provided support to 83 countries, she said.
She also called for more international cooperation, as has been seen in the race for a COVID-19 vaccine, on the push for digital and green growth.
"IMF staff calculated that a coordinated G20 fiscal stimulus in green infrastructure, if it is done in a coordinated manner, would deliver two-thirds more in growth ... than if each country acts on its own," she added.
18:45 LOCAL TIME 15:45 GMT